November 24, 2025

The Daily Bankruptcy News

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Law:

Biglaw Firm Announces Bonus Dollars Will Hit Associates’ Wallets Before The Year Is Over!
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All That Biglaw Bonus Money With Nowhere To Spend It
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Paul, Weiss Comes Correct On Associate Bonuses
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Top Biglaw Firm Matches Market Bonus Scale While Praising Associates
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Just In CASE You Were Wondering, This Biglaw Firm Is Also Matching
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Davis Polk Weighs In On Associate Bonus Madness
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Baker Botts Brings Bonuses
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Proskauer Rose Boards The Bonus Train
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Law Firm That Started Summer Bonus Trend Announces Year-End Bonuses
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Top 50 Biglaw Firm Announces Increased In-Office Attendance Mandate Instead Of Bonuses
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In Conversation with… Jeremiah Wagner, Latham & Watkins
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Bankruptcy Judge Reprimands Ex-Gordon Rees Lawyer for AI Citations
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The Human Touch Lawyers Need to Succeed in an AI-Driven World
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Veteran Sports Law Attorneys Are Hitting Biglaw Compensation Home Runs Right Now
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Law Students Can Sometimes ‘Buy’ Good Grades
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Musk's X ends $90 million lawsuit against law firm Wachtell
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Ken Paxton’s Tylenol Lawsuit Is Off To A Terrible Start
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Social media and your legal career
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Lawyering With Empathy
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No Wonder The Courtroom Scenes Are A Classic
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Fears grow of DOJ becoming ‘piggy bank’ for Trump as allies seek lucrative settlements
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DOJ Charges Law Student In ‘Trump Whore’ Kidnapping Hoax
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These are the sights and sounds of Trump’s immigration crackdownPanic erupts as masked ICE agents arrest migrants during green card interviews Citizen student detained by ICE in lunchtime raid Construction Sites Empty Across Charlotte Due to Fear of Ice RaidsTrump’s All-but-Forgotten Border Wall Reaches an Angry Laredo, TexasThe FBI spied on a SigICE agents with criminal backgrounds 'slipping through the cracks' under Trump expansionICE Agents Surround Judge’s Car and Handcuff High School InternTrump says he is ending deportation protections for Somalis in Minnesota‘Is the price of doing this worth it?’: North Carolina Republicans worry about Trump immigration raids
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DOJ signals John Bolton could face additional charges
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The case against James Comey gets weaker by the dayComey calls out Trump directly in motion to dismiss 'legally flawed' indictment'Extremely troubling': Comey believes DOJ is hiding 'quintessential proof of misconduct'
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Patel Under Scrutiny for Use of SWAT Teams to Protect Girlfriend
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Meet the conservative lawyer causing headaches for major news networks
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FBI Deploys Police to Guard Facility Where Epstein Files Are StoredRepublicans frustrated with Bondi over Epstein, Comey ‘messes’ at DOJ
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FBI arrests suspect tied to drug ring allegedly led by ex-Olympic snowboarder Ryan WeddingHow Ryan Wedding went from an Olympic snowboarder to an alleged drug kingpin hiding in Mexico
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FBI missed multiple opportunities to stop Thomas Crooks before he tried to assassinate Trump, ex-assistant director fumes
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Trump admin issues demand to DHS staff to preserve records in litigation about Noem texts
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Officer acquitted in death of Ta’Kiya Young, a pregnant Black mother accused of shoplifting
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Ex-Georgia deputies cleared of murder in death of Black man shocked at least 15 times
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Federal judge orders man held on federal terrorism charge in Chicago train attack
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Wisconsin woman who stabbed classmate to please Slender Man cut off monitoring bracelet, left group home
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Man beats victim with hammer until it breaks, then hits him with a fire extinguisher: Cops
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'Pushed her off': Man shoved woman to her death off elevated train platform, cops say
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Mom, baby doused with coffee by woman mad that victim was walking dog without leash: Cops
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'My kid is dead!': Stepdad breaks down on bodycam after angry driver kills child, cops say
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Suspect who accepted ride forced victim to strip to prove he was unarmed, then killed him
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Man hid in estranged wife's apartment, stabbed her to death and buried her in the desert
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Mom kicked her 12-year-old out of the car and made him walk along a busy highway
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Man set fire to Walmart crowded with customers and staff: Police
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Woman stabbed mom in the neck at her apartment before fleeing with their dog: Police
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NC Christmas Tree Lighting Event Turns Into Bloodbath
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Shooting at Chicago's Christmas tree lighting event leaves one dead and eight hurt
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Judges:

US Supreme Court temporarily pauses lower court order that tossed Texas voting maps
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RI judge intervenes after ICE wrongfully detains high school Superior Court intern
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Judge’s blistering opinion details use of force in Chicago-area immigration crackdown
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Judge rebukes Trump admin over funding cuts intended to 'dismantle' federal agencies
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Judge suspended for locking up 2 boys after they refused to visit their dad
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Admin shows 'apparent willingness to disregard' orders on wrongly deported man: Judge
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This Is All John Roberts’ Fault
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Woman allegedly threatened to 'shoot' justice of the peace during truancy hearing
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Wall Street:

Stocks Rise As US Rate Hopes Soothe Nerves After Torrid Week
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Dow futures rise over 100 points as market attempts rebound into the holiday week
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Dow closes about 500 points higher in big market rebound after steep sell-off this week
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US stocks rebound after top Fed official signals openness to rate cut
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Layoffs:

Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently
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Tech:

The first batch of AI companies have started to go bankrupt.
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Bubble fears ease but investors still waiting for AI to live up to its promise
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France will investigate Musk’s Grok chatbot after Holocaust denial claims
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What to know about Trump’s draft proposal to curtail state AI regulations
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AI risks deepening inequality, says head of world’s largest SWF
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Advocacy groups urge parents to avoid AI toys this holiday season
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Inside the World of AI Song-Making: Big Hits and a 7-Figure Deal
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Severe internet outages keep happening — and they might get worse
(DBN)

Texas data center expansion raises blackout risk during extreme winter weather
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Americans are holding onto devices longer than ever and it’s costing economy
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‘We’re basically pushers’: Court filing alleges staff at social media giants compared their platforms to drugs
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Meta halted internal research suggesting social media harm, court filing alleges
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Judge in Google ad tech case seeks quick fix for web giant's monopolies
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Analyst who called the dot-com bubble says Americans are turning a deaf ear to AI warnings—and a worse meltdown than 2008 looms
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Nvidia CEO says AI will actually make everyone a lot busier: ‘Everybody’s jobs will be different’
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Museums:

2 robbers overpower a guard and steal dozens of ancient gold coins from a Swiss museum
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Crypto:

Bitcoin has shed almost $800 billion since its October peak. What's behind the plunge?
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Consumer Protection:

The CFPB Is Transferring Its Caseload To The DOJThe CFPB Is Moving Towards Limited Oversight Instead Of Dismantling Agency
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Bankruptcy Crimes:

Lewis Lacey, Former Dolton Police Chief, Pleads Guilty To Bankruptcy Fraud
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Entertainment:

Warner Bros. Seeks Emergency Stay to Block $18.5 Million Sale of Film Rights
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Private Equity:

Creditors Brace for an Ugly Fight Over $5 Billion Debt at CD&R’s Multi-Color
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Corporate Governance:

But ARE Plaintiffs’ Counsel Fee Awards in Delaware Excessive?
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Economy:

Fed’s Collins: Still leaning against cutting rates next month amid inflation, labor market risks
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The Fed is so divided that the next vote on rates could result in an unprecedented tie, analysts say. ‘Then things would get really messy’
(DBN)

The exit economy is here. Black Women are paying the highest price
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College grads face one of the toughest job markets in a decade — it’s ‘a really difficult time’
(DBN)

An unusual trend in the economy is worrying the Fed
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Americans' happiness at record low
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How long will the dearth of US data persist?
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A month later, Trump has yet to follow through on Canada tariff threat
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Treasury secretary says there won't be a recession in 2026But says some sectors are challengedThe 7 parts of the US economy that are already in a recession
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The average net worth, by age
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Conservative Young Women Flip the Script: Kids First, Then Career
(DBN)

US States Take Aim at Data-Driven Pricing to Ease Consumer Pain
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New York and California are losing their shine
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Economists get cold feet about high minimum wages
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Trump claims California’s $20 fast-food minimum wage hurts businesses. The truth is more complicated
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Six-figure earners are ‘living the illusion of affluence’ while working side hustles, skipping meals and pretending Venmo’s not working
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Google cofounder Larry Page overtakes Jeff Bezos as the third richest person in the world following an Alphabet stock surge
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Gen Z isn’t lazy. They’re the most intentional job seekers yet
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US Debt Clock
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World Debt Clock
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Real Estate:

How much space $2,000 a month in rent gets you in the 25 biggest U.S. cities
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More than half of US homes lost value this year. Here’s where it’s been worstNearly all houses in these cities have seen losses
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New natural disaster menace joins wildfires and hurricanes in driving insurance premiums through the roof across America's heartland
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Landlord shot former tenant during final apartment inspection after an argument: Police
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Municipalities:

A Stand Against Coal Could Push Oakland Toward Bankruptcy
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Oil/Gas:

Trump faces rare rift with Florida Republicans over offshore drilling plan
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Politics:

Trump officials prepare for potential cabinet shakeup after one-year mark
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Kimmel Skewers Trump On-Air: ‘Quiet, Piggy'
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Disapproval of Donald Trump Now Higher Than His First Term—Nate Silver7 Polls That Show Donald Trump in Deep Trouble
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The return of angry Trump
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How Constitutional Limits Become Negotiable
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Top MAGA Influencers Accidentally Unmasked as Foreign TrollsX rolls out location tool, unmasks fake Gaza influencer network
(DBN)

Trump's secret weapon is vanishing: Insiders reveal why young men who crowned him king are fleeing
(DBN)

Trump goes on late-night social media rant demanding Democrats who spoke out on military justice be jailed Trump doubles down on Democrats’ sedition accusation over veterans’ video Slotkin: ‘Security situation’ has changed since Trump sedition accusationsWhy Democrats are warning about Trump giving illegal ordersKelly says Trump should understand his words could have “serious consequences”
(DBN)

NYC Mayor-elect Mamdani and President Trump find common ground during first meeting at White HouseMamdani says Trump is still a ‘fascist, despot’ — but claims they agree on most important issue facing NYCTrump and Mamdani emerge as 2025’s most unlikely double act
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Are the rich fleeing Mamdani's Manhattan? Not according to the data
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What Trump’s Mamdani praise — and MTG’s ouster — says about MAGA’s future
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Marjorie Taylor Greene says she will resign Jan. 5Marjorie Taylor Greene Savages Trump In Blistering Resignation VideoTrump on Marjorie Taylor Greene’s resignation: She ‘went BAD’ Loomer Takes Credit for Arch Enemy’s ResignationFuentes: Trump destroyed his biggest loyalist for putting America First'Take a little rest': Trump makes remarkable 180 after blasting longtime ally as 'traitor'Crockett on Greene’s resignation: ‘You’ve got to be kidding me’Crockett calls out MTG for not being able to ‘take the heat’ from Trump How politicians have reacted to Marjorie Taylor Greene’s resignation Marjorie Taylor Greene refutes reports that she's considering running for presidentPolymarket: Republican Presidential Nominees 2028
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Khashoggi’s widow and Democrats demand release of call transcript with Trump and Saudi crown prince
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The fallout of Epstein’s crimes span the globe. Here’s a look at some of those paying the costHow Larry Summers’s Power Delayed the Reckoning Over His Epstein TiesEpstein, Trump, and the Era of Elite ImpunityThe CPA and the Lawyer Who Served Jeffrey Epstein—and Control His Fortune and Secrets
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Trump administration sues California over giving in-state tuition to immigrants in US illegally
(DBN)

‘Just Atrocious!’ CNN Data Guru Appalled by ‘The Worst 10-Day Period’ of Trump’s Second Term
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Warren warns Paramount chief: One man shouldn’t be able to ‘decide who watches what’Paramount Skydance is currently winning the war to acquire Warner Bros. Discovery and its because of CNN
(DBN)

White House blew past legal concerns in deadly strikes on drug boats There’s no proof each strike on alleged drug boats saves 25,000 lives, as Trump claims
(DBN)

IVF is the pro-life movement’s new identity crisis
(DBN)

‘He Was Weak’: Tucker Carlson Stabs Heritage’s Kevin Roberts in the Back After Fuentes Blow-UpMedia Clashes on the Right Could Shape What Comes After Trump: 'Things are a Hot Mess 'Even Nick Fuentes is lashing out at Tucker
(DBN)

Why Republicans Are Fighting About the Nazis
(DBN)

State Dept to identify DEI policies and mass migration as 'human rights infringements'
(DBN)

Congress Turns Chaotic as Lawmakers Target Each OtherIn the House, Censures Proliferate, Reflecting a Poisonous Climate
(DBN)

Big changes to the agency charged with securing elections lead to midterm worries
(DBN)

Coast Guard scrambles to clarify its new guidance on nooses, swastikas, hate symbols
(DBN)

Doge 'doesn't exist' with eight months left on charterElon Musk once called DOGE ‘the chainsaw for bureaucracy,’ but it has quietly ceased to exist well ahead of schedule, report says
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Climate:

Global climate agreement sealed at COP30 despite deep divisionsCOP30 ends with a whimper
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Torrential rains return to Southern California, prompting new flash flood fears, threat of mudslides
(DBN)

Nations and environmental groups slam proposals at UN climate talks, calling them too weak
(DBN)

The Strange and Totally Real Plan to Blot Out the Sun and Reverse Global Warming
(DBN)

'Screwball,' 'crazy,' 'strange': As hurricane season ends, researchers note its surprises
(DBN)

Insurers Have a New Way to Make Money From Climate Risk
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Student Debt:

56-year-old man got over $170,000 in student loan forgiveness under Trump: ‘I could not believe it’
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Comic Books:

Courts Tell Diamond Debtors To Pay Lone Oak Payroll Almost $100,000
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Agribusiness:

Del Monte Foods bankruptcy leaves California peach farmers in limbo
(DBN)

Iowa farmers have 120 days to file indemnity claims after Nebraska grain dealer announces bankruptcy
(DBN)

‘We want to trust what we’ve heard’: Farmers remain unsettled on trade, even after China’s biggest U.S. soybean purchase in two years
(DBN)

Sen Tom Cotton: America's farmers are going bankrupt and we need to help them before it's too late
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Resorts:

Popular US winter holiday resort files for bankruptcy as its future hangs in the balance
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Celebs:

Shilo Sanders’ legal troubles deepen as $11M debt shadows him, new complaint says he never paid his lawyers during injury case and bankruptcy
(DBN)

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Fintech:

CFPB Payments To Synapse Financial Victims In Limbo Over Fund Issues
(DBN)

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Assisted Living:

He built a nursing home empire despite California state investigations. Now, lawsuits are piling up
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Autos:

PrimaLend Creditors Block Loan Payments to CEO-Controlled Firm
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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (42 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (2 new filings today)
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Chapter 11 Bankruptcy Case Studies
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Examiners:

From FTX to Purdue: high-profile examiners set the stage for First Brands’ upcoming appointment
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Cross-Border:

PH, Singapore Supreme Courts Ink Pact On Cross-Border Insolvency Proceedings
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Aviation:

FAA gives $10K bonuses only to controllers and technicians with perfect attendance during shutdownJust 776 FAA employees will get Trump’s $10,000 bonus, but unions say thousands who worked during the shutdown were left out
(DBN)

Shrieking Southwest passenger berates employee after flight was delayed
(DBN)

Transportation chief offers advice to increasingly angry Americans: ‘Let’s maybe go back to an era where we didn’t wear our pajamas to the airport?’
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Edtech:

US bankruptcy court orders Byju’s founder to pay $1bnByju Raveendran to challenge U.S. Court order to pay over $1 billion in bankruptcy disputeByju’s Founder Byju Raveendran Files for Personal Bankruptcy in US Court After $1 Billion JudgmentU.S. bankruptcy court rejects Byju Raveendran’s bid to dismiss $533 million fraud case
(DBN)

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Cannabis:

This Year’s Thanksgiving Surprise: Half of the Guests Are Stoned
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Healthcare:

Comms company tries to halt service to Steward Health centers amid bankruptcy over huge debt
(DBN)

Another US Health Care Firm Files for Bankruptcy
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Hartford HealthCare Presents Case to Acquire Two Connecticut HospitalsYou bought 2 hospitals - now what? Hartford HealthCare details its plans for Manchester Memorial and Rockville General
(DBN)

CDC website changed to contradict scientific conclusion that vaccines don’t cause autism
(DBN)

Inside the CDC whiplash
(DBN)

Medicare Premiums Set for Second-Largest Increase in Its History
(DBN)

Republicans left the Obamacare cliff to the last minute. Some are regretting itObamacare premiums are skyrocketing. Republicans can’t figure out what to do.
(DBN)

Bipartisan House lawmakers float two-year ACA subsidy extension
(DBN)

Cassidy says people should not ‘undermine’ science on vaccine safety
(DBN)

Congress’s Medicare ‘auto-enrollment’ bill is a trap
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Hotels:

Inside Marriott’s Disastrous Bet on Short-Term Rental Company Sonder
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Motel guest kills owner after being denied room
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Fraud:

Disgraced ex-news anchor sentenced in massive COVID fraud scheme — will be jailed with Ghislaine Maxwell
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Pharma:

Clearside Biomedical to Pursue Strategic Sale of its Business Through Voluntary Chapter 11 Process
(DBN)

Moderna is most shorted stock in S&P 500 as Americans skip jabs
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Golf:

Nicklaus Companies files for bankruptcy after losing in court to Jack NicklausGolf legend’s iconic brand files for Chapter 11 bankruptcy
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Furniture:

American Signature files for Chapter 11; issues WARN notice American Signature files for Chapter 11 bankruptcy protection77-year-old Furniture Company American Signature Files For Chapter 11 Bankruptcy ProtectionAmerican Signature, Inc. Files Voluntary Petitions for Chapter 11 ReliefAmerican Signature’s top 30 creditors exceed $80 million combined
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Rail:

Brightline West reaches deal with bondholders for debt swap
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UK:

How Ocado’s American dream fell apart
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Formal insolvency plans spark debate over future of UK universities
(DBN)

UK borrowing overshoots expectations and retail sales dive before Budget
(DBN)

‘The system does not want me’: why some doctors struggle to land jobs
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Canada:

An overdue reckoning at Canada Post
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Russia:

U.S. pushing Ukraine to sign peace deal by Thanksgiving or lose supportTrump says Ukraine peace plan isn't his 'final offer'America has dumped a messy, sordid “peace plan” on UkraineHere's what's in the Trump administration's proposed 28-point Russia-Ukraine peace planUkraine peace plan in chaos after Marco Rubio 'told senators Russia had authored proposal'Lawmakers say US secretary of state rowed back on Ukraine peace plan Lawmakers say Rubio distanced US from peace plan U.S. senators say Marco Rubio told them Trump's Ukraine peace plan is Russia's 'wish list' Warner warns Russia-Ukraine peace plan would be ‘complete capitulation’ for Kyiv Zelensky thanks Trump for support after criticism — but tries to distance Ukraine from US peace planTrump accuses Ukraine of ingratitude as officials meet in Geneva to discuss U.S. peace planUkraine survives another crisis with Donald Trump Ukraine meets with Western allies in Geneva to discuss U.S.-proposed peace plan The walls are closing in on Zelensky U.S., Ukrainian officials discussing bringing Zelenskyy to U.S., sources say U.S. and Ukraine hold talks as lawmakers and allies voice concern over Russian 'wish list' US Hails 'Significant Step Forward' In Ukraine 'Peace Framework' Talks Europe lays down red lines on Ukraine in rebuke to Trump plan US threatens to cut intel, weapons to press Ukraine into peace deal, sources sayUS peace plan asks almost nothing of Russia, leaving some American officials questioning why Kyiv would accept itTrump Peace Plan Demands Major Concessions From UkraineZelenskyy says Ukraine faces a stark choice and risks losing American support over US peace planThis Russia-Ukraine ‘peace deal’ makes zero sense on ANY frontTrump warns Ukraine ‘will lose in a short period of time’ if it doesn’t sign peace dealMcCaul: ‘I would not advise Ukraine to sign’ Trump peace deal without ‘ironclad’ security agreement
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Europe agrees to invite Putin back into G8
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Germany:

Germany wants to build Europe’s strongest army – a new conscription bill is moving that closer
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Mexico:

Organized crime groups in Mexico have never been this dangerous
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Venezuela:

The Web of Venezuelan Generals Accused of Fueling the Cocaine Trade
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US Terrorist Designation Targets Maduro’s Alleged Drug Network
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How Rubio’s political fate is entangled with Maduro’s
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FAA warns all pilots of risks of flying over Venezuela over ‘worsening security situation’
(DBN)

CBS News poll finds most would oppose U.S. military action in Venezuela, say Trump hasn't explained
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MENA:

Israeli says it killed Hezbollah’s no. 2 leader in Lebanon airstrike
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Fears of new October 7 over drones’ deadly cargo
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The brokers offering to spirit Palestinians from Gaza
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Trump-Saudi deal risks exposing US military secrets
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Israelis are moving abroad in record numbers due to fear and discontent
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Brazil:

Bolsonaro arrested to prevent 'attempted escape'
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China:

China is the World’s Lender
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Evergrande Liquidators Seek Asset Freeze on Former CEO’s Ex-Wife
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China enjoys marriage boom as Beijing allows weddings in nightclubs
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India:

Banks seek to reverse nearly Rs 4 trillion worth of shady pre-IBC deals: Report
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ED raids expose alleged bid rigging, undervalued land sale in IBC process
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IBBI Caps Assignments For Individual Insolvency Professionals At Ten At A Time
(DBN)

Haircuts in cases resolved under IBC at 67% till Sep
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Insolvency Proceedings Can't Be Abused To Evade Family Court's Maintenance Order: Bombay High Court
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Insolvency and Bankruptcy Code: Challenges, Reforms and the Road Ahead
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Australia:

Accountant who stole millions from clients ‘fueled’ by betting agencies, lawyer says
(DBN)

TT-Line hits back at Auditor-General’s finding the ferry operator is insolventSpirit of Tasmania chair says auditor-general insolvency argument is 'absurd'
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Singapore:

Bankruptcies in S’pore at 5-year high but many who go bust are getting a fresh start
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